Thief River Falls Community Arts Council

Analysis

Thief River Falls Community Arts Council is a registered charity in United States, based in Thief RVR FLS, MN. It received its IRS tax-exemption ruling in August 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thief River Falls Community Arts Council reported income of $120k and spending of $111k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $120k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thief River Falls Community Arts Council sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include North Carolina Public Interest Research Group Educ Fund Inc ($120k), 350deschutes ($120k) and Fellowship Club ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 26% of the total. At year end it held assets of $220k against liabilities of $0, net assets of $220k.